Platinum Industries Limited — Updates, 15-11-2024: Press Release

Platinum Industries Ltd. reported impressive revenue growth of 64.7%, surpassing ₹2 billion for the first half of FY25. Q2 revenue reached ₹996.35 million, marking a year-on-year increase of 63.6%. Despite a drop in EBITDA margins due to a product mix geared toward lower-margin items, EBITDA for H1 FY25 rose by 9.82% to ₹355.59 million. Profit Before Tax (PBT) for Q2 increased by 27.95% to ₹193.99 million, while H1 PBT grew 43.16% to ₹432.96 million. Profit After Tax (PAT) saw substantial growth as well, with Q2 PAT up 26.96% to ₹145.26 million, and H1 PAT at ₹322.64 million, reflecting 41.29% growth.

The company plans to expand capacity with new facilities in India and Egypt, targeting a better market position in the MENA and European regions. This expansion is aimed at catering to growing demands for sustainable PVC additives. Chairman Mr. Krishna Rana emphasized the firm's commitment to sustainable growth and its strategy to leverage financial flexibility for potential acquisitions, aligning with market trends for eco-friendly solutions. Investors should take note of the company's robust growth trajectory and strategic initiatives, signaling a positive outlook for future performance.